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1 points A home was purchased for $285.000 with a 20% down payment with the rest to be amortized over 25 years with bi weekly

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1 points A home was purchased for $285.000 with a 20% down payment with the rest to be amortized over 25 years with bi weekly payments. For the first years the purchasers locked in with an interest rate of 2.65% compounded semiannually a) Determine the size of the bi-weekly payments? (4 marks) N. UY PIY CY- PV FV = PMT= Round your answer to two decimal places PMT (Radyo awet to two decades b) What is the balance owing her the first years? (4 marks) N pv The balance owels Round you to decima placa Calculate the site of the new bi-weekly payments for the first years therance and look for the year term at 2.0 come semiannually (4 marks) N WY PY CIY PV PMT Hound your place

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